Planning for the Possible – An exploration of succession planning within the insurance industry in 2025

Planning for the future has never been more critical. With projections showing that as much as 50% of the insurance workforce may retire by 2028, succession planning is no longer just a regulatory requirement – it’s a strategic imperative.

We’re therefore delighted to bring you Damhurst’s latest research, Planning for the Possible, which explores succession planning within the insurance sector. Based on in-depth conversations with chairs, chief people officers and senior leaders, this review explores how organisations are preparing for leadership transitions in the face of demographic shifts and strategic complexity.

We find out what’s working, where gaps remain and how forward-thinking firms are turning succession into a strategic advantage. The research highlights several key themes, including:

• The strategic importance of effective succession planning
• The need for regular reviews, contingency planning, and a flexible approach
• The importance of diversity and inclusion
• The role of assessments and benchmarking in determining the suitability of internal talent
• Leadership development and how coaching and mentoring can support succession planning.

Download the full report here Planning for the Possible – An exploration of succession planning within the insurance industry in 2025